Four ISMG editors discuss important cybersecurity issues, including how Canada's Desjardins Group settled a data breach lawsuit for $155 million, how Facebook is being sued after allegedly violating patient privacy, and highlights from ISMG's Northeast Summit held in New York this week.
When building an insider risk management program, don't start "too large or too quickly," says Randy Trzeciak of Carnegie Mellon University. He says the first step is to protect your organization's critical assets and services and then "build a risk program appropriate to those assets."
The "Great Resignation" over the past year has created a host of concerns around both malicious and accidental data theft, says Code42 President and CEO Joe Payne. Even though employees often aren't looking to wreak havoc on their way out, a lack of understanding can lead to serious headaches.
Investment platform Cash App, a subsidiary of U.S.-based payments company Block, says it has been breached. The incident happened last year when a former employee downloaded reports containing Cash App U.S. customer information, including full names, brokerage account numbers and portfolio values.
A consolidated legal case that includes allegations of embezzlement, trade secret theft and intimidation offers an inside look at a complicated and messy alleged insider breach reported last year by a Texas-based accountable care organization.
Things are not always what they seem, says incident response expert Joseph Carson, pointing to a case involving ransomware that infected a company in Ukraine, but for which there was no external attack path. Ultimately, his investigation found that ransomware had been used to hide internal fraud.
No matter the root cause, the result is the same: reputation damage, fines, compliance issues, and of course the ripple effects that extend outward from a breach.
The increasingly connected home is a vulnerable part of the extended enterprise, especially as the line blurs between personal life and work, says Forrester principal analyst Heidi Shey. She encourages organizations to adopt a two-pronged approach to protecting the "work from home" workforce.
In the latest weekly update, four editors at Information Security Media Group discuss important cybersecurity issues, including how the ransomware-as-a-service model shifted in 2021, the rise of fraud in faster payments and how to prevent it, and one CISO's take on the state of the industry.
The Department of Justice says it's thwarted a Sony Group insider who allegedly embezzled $154 million, converted the proceeds to bitcoin, and demanded a ransom payment to return the money. Authorities say the former Sony employee has been criminally charged in Japan.
Michael Lines is working with Information Security Media Group to promote awareness of the need for cyber risk management, and as a part of that initiative, the CyberEdBoard will post draft chapters from his upcoming book, "Heuristic Risk Management: Be Aware, Get Prepared, Defend Yourself." This post's chapter is...
The U.K. High Court has upheld the U.S. government's request to extradite WikiLeaks founder Julian Assange, after receiving assurances about the conditions in which the 50-year-old would be held. Assange reportedly plans to appeal the ruling.
A former employee of a New York-based technology company, likely to be IoT technology company Ubiquiti, has been arrested for stealing confidential data and extorting his employer for nearly $2 million. If convicted, the suspect faces up to 37 years in prison.
The saying "Penny-wise, pound-foolish" is relevant when we talk to those friendly, knowledgeable finance people about ongoing employee screening due to the dreaded insider threat and the costs associated with it - which leads to us pulling out our hair in utter frustration. This rant is about that.
In the latest weekly update, four ISMG editors discuss: a federal judge imposing the maximum sentences on a hacker who pleaded guilty to conspiracy and aggravated identity theft, regulators getting tougher on cryptocurrency lending platforms and the return to in-person roundtables.
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